Tilman J. Fertitta completed the acquistion of Montage Laguna Beach Resort Hotel, a hotel property, from Dajia Insurance. Financial terms were not disclosed. "I am truly thrilled to acquire this world-renowned property and add one of America's most iconic trophy resorts to our luxury hotel portfolio. I have been traveling to Laguna Beach for over 30 years. It is one of my favorite places to visit and one of the most beautiful areas in the world. The Montage is a stunning oceanfront property and one of the premier hotel brands in the world," Tilman J. Fertitta.